#327 - Micah Lacher - Founder @ Anchor Investments - On A Mission To Be The Most Generous Real Estate Company in the World
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Show Notes
Micah is the President and Founder of Anchor Investments, which is on a mission to Build America’s Most Generous Real Estate Company. Micah focuses on identifying real estate investment opportunities for Anchor, raising capital, and leading the team.
He is also the founder of Mission Hotels, the only hotel brand in America that gives away the majority of its profits to support underserved communities.
On this episode, Chris and Micah discuss:
- Growing up in urban Memphis
- The need for great schools & father figures
- The state of retail real estate
- Building Anchor
- How to give away money
Links:
https://www.thefortpod.com/survey
Topics
(00:00:00) - Intro
(00:03:07) - Growing up on the wrong side of Memphis
(00:07:40) - The working poor
(00:09:58) - The importance of good schools
(00:17:05) - Micah’s early career
(00:19:28) - Experiences in the GFC
(00:23:27) - Micah’s job today
(00:28:36) - Thoughts on the retail market
(00:29:39) - Developing a trait of generosity
(00:33:30) - Building America’s Most Generous Real Estate Company
(00:41:15) - Buying churches and converting them to hotels
(00:47:51) - How to give away money
(00:54:06) - What does the inner-city need to change?
(00:57:03) - Charter Schools
(00:58:20) - How to get people involved in giving
(01:02:22) - Raising grounded children
(01:08:55) - Why people with money don’t give
(01:12:53) - How to know where to give
(01:17:22) - Thoughts on giving across the street vs. across the ocean
(01:18:50) - The Halftime Institute
(01:24:38) - Final thoughts
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